Sprott Inc. to Post Q3 2018 Earnings of $0.03 Per Share, Desjardins Forecasts (SII)

Sprott Inc. (TSE:SII) – Research analysts at Desjardins cut their Q3 2018 earnings per share (EPS) estimates for Sprott in a research note issued on Sunday, May 13th. Desjardins analyst G. Ho now expects that the company will post earnings of $0.03 per share for the quarter, down from their previous forecast of $0.04. Desjardins also issued estimates for Sprott’s Q4 2018 earnings at $0.03 EPS and FY2019 earnings at $0.14 EPS.

Sprott (TSE:SII) last posted its quarterly earnings data on Friday, May 11th. The company reported C$0.05 EPS for the quarter, topping analysts’ consensus estimates of C$0.02 by C$0.03. The business had revenue of C$31.52 million for the quarter. Sprott had a return on equity of 2.93% and a net margin of 12.08%.

SII has been the topic of a number of other reports. TD Securities downgraded Sprott from a “hold” rating to a “reduce” rating and set a C$2.75 target price on the stock. in a research report on Tuesday, March 6th. Royal Bank of Canada downgraded Sprott from a “sector perform” rating to an “underperform” rating and lifted their target price for the stock from C$2.75 to C$3.25 in a research report on Monday, March 5th. Finally, BMO Capital Markets lifted their target price on Sprott from C$2.50 to C$2.75 in a research report on Tuesday, January 30th.

SII stock opened at C$3.24 on Tuesday. Sprott has a twelve month low of C$1.92 and a twelve month high of C$3.62.

In other news, insider Eric S. Sprott sold 111,300 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of C$3.14, for a total value of C$349,482.00. Also, insider Eric S. Sprott sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of C$3.37, for a total value of C$674,000.00. Insiders have sold 634,188 shares of company stock worth $2,046,138 over the last ninety days.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 5th. Shareholders of record on Monday, May 21st will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend is Thursday, May 17th.

Sprott Company Profile

Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.

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